碳酸锂：关注实际需求成色

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View - The report focuses on the actual demand of lithium carbonate and provides relevant fundamental data and industry news [1] 3. Summary by Related Catalogs 3.1 Fundamental Tracking - Contract Data: The closing price, trading volume, and open interest of 2605 and 2607 contracts of lithium carbonate are presented, along with changes compared to previous periods. For example, the 2605 contract's closing price is 159,120, with a change of 6,180 compared to T - 1 [3] - Other Data: Data such as warehouse receipts, basis, raw materials, lithium salts, and consumption - related data are also provided. For instance, the battery - grade lithium carbonate price is 152,500, with a change of 5,000 compared to T - 1 [3] 3.2 Macro and Industry News - Recycling System: On March 20, the Ministry of Industry and Information Technology organized a meeting to discuss the construction of the new - energy vehicle waste power battery recycling system, aiming to innovate policy supply, improve the recycling mechanism, and perfect the standard system [4][5] - Phosphoric Acid Price Increase: On March 25, 2026, SMM reported that Wengfu Group raised the ex - factory price of wet - process 85 phosphoric acid by 500 yuan/ton, with a cumulative increase of 1200 yuan/ton in March, bringing cost pressure to new - energy enterprises [5] 3.3 Trend Intensity - The trend intensity of lithium carbonate is 0, indicating a neutral view. The range of trend intensity is [-2, 2], where -2 is the most bearish and 2 is the most bullish [5]